As Rents Growth Slows, Alternate Revenue Sources Gain Interest
Rents grew by 2.6% in the first nine months of the year, slowing from 3.4% last year and 4.9% the year before in the comparable period according to the research firm Yardi. Year-over-year growth rates were 2.2%, down a full 2.0% from the year before. Yardi also notes that rent growth tends to be seasonally slower in the fourth quarter, indicating that this 2017’s trends may well be decided.
The hurricanes in Texas, Florida, and Puerto Rico this year may impact the completion of existing and planned construction projects as a dwindling construction labor force is re-deployed to rebuild storm-damaged property. While this should support occupancy rates and rents, newer, higher-priced rental stock could be delayed.
Building owners and managers are looking to uncover every revenue dollar to offset the slow growth rate in rents. That’s where we come in. The Aditum IMS gives building owners and managers a way to resell and distribute bulk internet bandwidth throughout the building, tapping into a ready-made revenue source.
Learn more about the revenue opportunity with Aditum. Contact us today.Share: